One of my friends studied Psychology at Aryabhatta College. According to her, it is really great as it offers immense exposure and opportunities.

• The college, though being a new establishment, is growing rapidly academically.
• The college is very strict and has certain rules and regulations to maintain its discipline. 75-80% attendance is compulsory.
• The faculty is highly experienced and cooperative.
• The department organizes guest lectures on a regular basis from eminent people in the field of psychology. 
• Srijan, the psychology association of Aryabhatta college is a very active society.
• Being in Delhi University South Campus there is the ease of transportation. 
• The student crowd is also very good.

Therefore, you can consider this college as a good option not just for psychology but for other courses as well. It might be a little less recognized among other DUs but it will surely provide you with the proper exposure.